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Case studies of long working hours in Korea : With a focus on the banking and auto parts industries

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Frame of Image  the Korean working-hour arrangement as a long-hour regime. This means not only that there is overtime work during the limited period when demand is greater than usual but also that the working arrangement itself is based on low hiring numbers and persistent overtime work for existing workers. The benefits for employers are lower training and education costs and minimized dismissal costs, and for workers higher income through overtime work. The arrangements is a compromise between labor market insiders, that is, between existing workers and employers, for the enjoyment of mutual benefits, which curbs the hiring of outside workers and weakens the drive for internal innovation or integration. Working hours (both total and overtime) in Korea have been substantially reduced since the late 1980s, and the number of statutory hours has moved from 48 hours per week to 44 and then to 40. The hours were reduced quickly over a relatively short period, as the national economy underwent a number of important changes in the external economic environment, labor market, demographics, and education level. The quick and significant reduction in working hours has meant significant changes in the quantitative aspects of the work regime in Korea. Working hours in Korea have undergone remarkable changes in the past 20 years. The quick reduction in statutory hours represents a compressed change of events in a nation that is used to such a pace, as illustrated by its rapid economic growth and indust


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Title Case studies of long working hours in Korea
Similar Titles
Sub Title

With a focus on the banking and auto parts industries

Material Type Reports
Author(English)

Bae, Kiu-Sik

Publisher

[Seoul]:KLI

Date 2012-03
Series Title; No e-Labor News / 118
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KLI; KDI School